Great Northern property Auctions

EAST MILLINOCKET, Maine — A Glenburn construction company owed over $242, 000 by Great Northern Paper Co. has gotten a judge view contrary to the struggling mill owner and has now scheduled an auction associated with mill to recoup your debt.

Performing on part of Northern Construction solutions of Glenburn, attorney Curtis Kimball of Bangor said he published a general public notice of an auction for the property and structures possessed by GNP on Friday due to the fact paper organization’s court-afforded 90-day redemption duration ended without Northern building getting compensated.

The auction enforces a mechanic’s lien placed on real estate and structures at 50 Main St., the paper mill’s target, that was taped on Jan. 28, said attorney Edmond Bearor, who's in addition dealing with the way it is. Maine better Court Ju stice Ann Murray ruled on May 20 that Northern Construction Services could offer the land and buildings encumbered because of the lien in 3 months, according to papers recorded with the courtroom plus the Penobscot County Registry of Deeds.

Kimball, who will manage the auction himself, in comparison the appropriate process to the property foreclosure on a home. He labeled as GNP’s nonpayment regarding the financial obligation “truly unfortunate.”

“We all spent my youth with Great Northern Paper Co. as well as one point it absolutely was a top-quality mill and workplace [in the location] and now we want to see days past keep coming back. But these days is a new time, ” Kimball stated Wednesday.

Tries to reach Great Northern officials, including Great Northern’s attorney, Gregg R. Frame of Portland, and GNP spokeswoman Alexandra Ritchie were unsuccessful on Tuesday and Wednesday.

The auction will likely be held on Oct. 15 in the offices of Kimball’s company, Rudman Winchell of Bangor. All bidders would be required to distribute a deposit of $10, 000 in money or qualified resources before their bid is going to be accepted on any parcel, based on the public notice filed in the Bangor everyday News.

The mill’s land is respected at $1.5 million; its buildings at $15 million, according to East Millinocket income tax collector Erica Ingalls. The personal home here, or gear, is valued at $16.8 million, she said.

If Great Northern does lose the mill, the reason is among a string of nonpayments which have dogged the company as it had been almost a year late using its private property taxation payments to East Millinocket in summer 2013. The organization additionally owes right back fees to neighboring Millinocket, in which it owns an industrial playground.

In April, GNP was at minimum $6.81 million indebted into Internal Revenue Service, East Millinocket and Millinocket, and many suppliers who have sued or filed liens since February 2013. The IRS submitted liens totaling $2.49 million against GNP western Inc., which handles the organization’s Millinocket interests, and GNP East Inc., the organization entity managing its East Millinocket holdings.